Based on historical research, a company had the following stockout cost estimates: Probability of a backorder is 20%, lost sale is 50%, and the probability of a lost customer is 30%. The cost per incident of a backorder is $80, lost customer is $20,000. The sales price of the item is $90 with a 15% profit margin. The average order is 60 units. What would be the difference in stockout costs if the company did a recent analysis and learned that their customer reactio

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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